So i currently have a job at a very large hedge fund (think DE, Bwater, Tud0r...) but its in Ops. I started less than a yr ago and i've been offered a front office job at a significantly smaller shop.
Now where i currently am, they have stated again and again, that you wont be "processing" forever, which seems to mean they'll take you outta ops to somewhere else in the fund. I've talked with my boss about this and i have some options, perhaps not front front office but a good job at a mega fund.
Now the question is do i wait another few months to see how things pan out or do i take the role at the smaller shop thats a front office research role.
Depends on the quality of the smaller shop and the type of work you'll be doing. In addition, it also depends on the time horizon, certainty and type of experience you'll be getting at the new position at your current firm.
Keep in mind, in these types of back office positions, when seniors tell you "we'll move you towards the front office" they generally mean in the long-run (2+ years) vs. what you may be thinking. For someone like you, working in the BO for 2+ years is a big deal. For someone who's been in the work force for 10, 15, 20 years... 2 years is nothing, and if you're rushing to get out of BO before you even get there, they just figure you're young, hasty and impatient.
This is a one in the hand two in the bush scenario. Unless you are locked in for a primo gig at your current shop in the near term, I would give the other opportunity some serious consideration.
How small is the other place (AUM)?
If it's Bridgewater, I'd move. The others are different (in that they actually have front office opportunities).
Bridgewater sucks, and this is why: the most 'FO' role you can get there is research. Their traders are execution only. No discretion = not really a trader. Their investor/client relations people aren't actually selling anything. Mostly, they do portfolio attrition and BS client requests. And their portfolio allocation people really just make sure that client portfolios fit in the mold they are supposed to.
And the culture sucks. The whole, "Let's each of us try to prove that we're smarter than all others" mentality makes for an awkward workplace and leads to a fucking weird recruitment procedure. They have you sit in a room and talk about bullshit topics that no one cares about. And when the other people in the room bring up a moronic topic, you ARE supposed to pretend to care.
In interest of fair play, you need to let other make their points. Sadly, most exceedingly intelligent people argue poorly, so the whole time I was interviewing, I remember thinking something akin to, "Shut up, Bitch. Everyone thinks you're retarded." The whole process was a circle jerk, and the circle members were masturbating so hard, they nearly ripped their dicks off.
On a side note, DE and Tudor are great companies. Especially the latter. But BO is BO. There's no assurance that you'll ever move out of BO. And the skills you acquire there are not particularly useful for FO roles.
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